Naturgy BAN SA (GBAN) — Capital Reinvestment Ratio
Naturgy BAN SA (GBAN) has a Capital Reinvestment Ratio of 0.13x as of June 2026, meaning it reinvests 0% of its operating cash flow (AR$104.68 Billion) in capital expenditures (AR$13.48 Billion). Check GBAN tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Naturgy BAN SA Capital Reinvestment Ratio (2015–2025)
This chart tracks Naturgy BAN SA's Capital Reinvestment Ratio across 10 annual periods. For the full cash flow conversion analysis, see how efficiently does Naturgy BAN SA generate cash.
Annual Capital Reinvestment Ratio for Naturgy BAN SA (2015–2025)
Year-by-year Capital Reinvestment Ratio for Naturgy BAN SA from 2015 to 2025. See Naturgy BAN SA (GBAN) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (ARS) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.33x | AR$170.31 Billion | AR$56.39 Billion | ▲ +22.3% |
| 2024 | 0.27x | AR$125.50 Billion | AR$33.98 Billion | ▲ +42.7% |
| 2023 | 0.19x | AR$121.08 Billion | AR$22.98 Billion | ▼ -41.2% |
| 2022 | 0.32x | AR$11.62 Billion | AR$3.75 Billion | ▼ -18.0% |
| 2021 | 0.39x | AR$9.67 Billion | AR$3.80 Billion | ▲ +19.2% |
| 2020 | 0.33x | AR$6.43 Billion | AR$2.12 Billion | ▼ -46.9% |
| 2019 | 0.62x | AR$5.31 Billion | AR$3.30 Billion | ▼ -12.4% |
| 2018 | 0.71x | AR$4.66 Billion | AR$3.30 Billion | ▲ +46.6% |
| 2016 | 0.48x | AR$723.55 Million | AR$350.03 Million | ▲ +65.0% |
| 2015 | 0.29x | AR$817.83 Million | AR$239.78 Million | — |